Changes to the requirements for operating WME purses

New requirements by the guarantor of WME purse will come into force on the 15th of July 2015 in accordance with European Union legislation. To avoid service termination of the WME purse, the owners of WME purses must comply with these requirements. The requirements concern to the Age, Country of Residence of a Natural Person - the owner of WME purse, as well as the Limits on Transactions and Identification Documents.

You must be at least 18 years old if you live within the European Economic Area (EEA) or at least 14 years old if you live outside the EEA and are of legal age in your country of residence.

If the total deposits made to WME purses exceed 2500 WME during one calendar year, you must submit appropriate identification documents – a valid national passport or other ID document as well as a proof of residential address (bank statement or utility bill, no older than 3 months). If the total deposits made to all WME purses belonging to one passport exceed 15000 WME during one calendar year, it is necessary to submit a bank statement or other documents confirming the source of funds.

Please ensure that the country of residence shown on your WebMoney passport is correct. The use of WME purses is prohibited in the following countries: American Samoa, Afghanistan, Algeria, Angola, Ecuador, Guam, Guyana, Indonesia, Iran, Iraq, Laos, Libya, Mali, Mauritania, Myanmar, North Korea, Northern Mariana Islands, Panama, Papua New Guinea, Somalia, Sudan, Syria, Yemen, Uganda and the USA.

If you do not fulfil these requirements, you must withdraw or exchange funds from your WME purse as the rights to use your WME purse can be limited (WME purse blocked) for incoming and outgoing transactions. The requirements come into force on 15.07.2015.